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Responses

  1. In general, I will say, do not renovate to renovate, to sell, that is, where renovation does not add value probably we will not do.

    The partial renovation is also called
    To put lipstick on a pig
    Which means that for the most part the renovation will be cosmetic, things like paint, switches and electricity, door locks, lighting, all of these and more make the property look "like" new.

    Recommend to be careful about the plumbing issue that requires pre-inspection and treatment.
    And get to know the market and campuses to do enough to bring in a sale but not beyond what is required…

  2. I recently sold two homes where I did a partial renovation just what is required to sell like the Comps. Most often it does because most neighborhoods I work in don't have to bring everything to perfection and that is a waste because it does not add back investment. You have to know the area and the comps well to understand what they really need and what to give up. These are good price areas above 250, these two houses were around 1980 so their condition is moderate but not bad. A lot of flippers are being dragged into renovation beyond need and are losing money on it and most of the time